Currency Exchanges

Asmi · 05-08-2007

I think EG is the only payment processors which allow currency exchanges. They have already been warned by concerned authorities about money laundering which is pretty much because of currency exchanges. Then why don't they block this practice before they get into trouble?

chargebacks · 05-08-2007

Not sure how currency exchange causes fraud?

Faizy · 05-16-2007

I also don't think how currency exchange is related to money laundering. It might be a reason for scamming people but money laundering, I dont think so. Also, the gold fluctuation is completely legal and you can't say it money laundering.

Xahid · 05-25-2007

What exactly is Money Laundering? From what I have heard, it is a way to get the most out of forex trading which is legal. Can anyone please explain it to me?

05-08-2007	#1 (permalink)
Asmi Member Join Date: May 2007 Posts: 40 Rep Power: 0	Currency Exchanges I think EG is the only payment processors which allow currency exchanges. They have already been warned by concerned authorities about money laundering which is pretty much because of currency exchanges. Then why don't they block this practice before they get into trouble?

05-08-2007	#2 (permalink)
chargebacks Administrator Join Date: Feb 2007 Posts: 220 Rep Power: 10	Not sure how currency exchange causes fraud? __________________ John Lark Chargeback Forum Senior Moderator http://www.chargebackforum.com/

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05-16-2007	#3 (permalink)
Faizy Junior Member Join Date: May 2007 Posts: 20 Rep Power: 0	I also don't think how currency exchange is related to money laundering. It might be a reason for scamming people but money laundering, I dont think so. Also, the gold fluctuation is completely legal and you can't say it money laundering.

05-25-2007	#4 (permalink)
Xahid Senior Member Join Date: May 2007 Posts: 110 Rep Power: 2	What exactly is Money Laundering? From what I have heard, it is a way to get the most out of forex trading which is legal. Can anyone please explain it to me?

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